The global business analytics and advisory firm Boston Analytics has signed a memorandum of understanding (MoU) with the Bahrain Institute for Banking and Finance (BIBF), an institute for the development of business professionals.
The partnership comes after the recent announcement that Boston Analytics is opening its first Middle East delivery center in Bahrain. The Bahrain office will work with clients in the region to provide analytics and advisory services, and will also assist with related projects throughout the GCC. Boston Analytics also has a UAE office.
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The MoU dictates that BIBF is the preferred training center for employees working at Boston Analytics in Bahrain, making a clear statement that Boston Analytics plans on training and hiring locals rather than bringing in workers from abroad.
The managing director and CFO of Boston Analytics, Devesh Bahl, said at the signing, “Boston Analytics strongly believes in the large talent pool currently available in Bahrain, and are impressed with the government’s willingness to invest in and support the development of the country’s human resources. The country has an immense bilingual resource base, which can help us service the wider Middle East region.”
He continued, “By partnering with BIBF, we are taking positive steps towards transferring our knowledge and global best practices to help upscale the employability and skill sets of the young professionals in Bahrain.”
Director of BIBF, Garry Muriwai, added, “We are pleased to collaborate with Boston Analytics as mutually preferred partners in developing the skill set of Bahrainis in research and analytical skills. This collaboration is an important step forward in BIBF Center for Research’s mandate to build and foster research culture and capacity in Bahrain.”
He finished, “As a premier training provider for the financial sector in Bahrain and beyond, BIBF welcomes this opportunity to help bridge this skill gap through providing relevant training as part of the Boston Analytics project.”